Oil-Dri Corporation of America (ODC) 10-Q 6 Dec 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Oct. 31, 2013
Entity Information	'
Entity Registrant Name	'OIL DRI CORP OF AMERICA
Entity Central Index Key	'0000074046
Current Fiscal Year End Date	'--07-31
Entity Filer Category	'Accelerated Filer
Document Type	'10-Q
Document Period End Date	31-Oct-13
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1
Amendment Flag	'false
Common Stock	'
Entity Information	'
Entity Common Stock, Shares Outstanding	4,978,893
Common Class B	'
Entity Information	'
Entity Common Stock, Shares Outstanding	2,074,927

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Oct. 31, 2013	Jul. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$17,776	$24,035
Short-term investments	15,187	18,459
Accounts receivable, less allowance of $656 and $641 at October 31, 2013 and July 31, 2013, respectively	31,732	31,148
Inventories	22,344	20,723
Deferred income taxes	3,986	3,986
Prepaid repairs expense	3,265	3,458
Prepaid expenses and other assets	2,252	1,563
Total Current Assets	96,542	103,372
Property, Plant and Equipment	'	'
Cost	187,070	184,137
Less accumulated depreciation and amortization	-119,840	-118,082
Total Property, Plant and Equipment, Net	67,230	66,055
Other Assets	'	'
Goodwill	5,162	5,162
Trademarks and patents, net of accumulated amortization of $433 and $427 at October 31, 2013 and July 31, 2013, respectively	577	581
Debt issuance costs, net of accumulated amortization of $472 and $455 at October 31, 2013 and July 31 2013, respectively	293	309
Licensing agreements and non-compete agreements, net of accumulated amortization of $1,924 and $1,861 at October 31, 2013 and July 31, 2013, respectively	316	378
Deferred income taxes	1,987	2,164
Other	6,322	5,538
Total Other Assets	14,657	14,132
Total Assets	178,429	183,559
Current Liabilities	'	'
Current maturities of notes payable	3,500	3,500
Accounts payable	6,907	6,483
Dividends payable	1,242	1,236
Accrued expenses:	'	'
Salaries, wages and commissions	3,526	9,087
Trade promotions and advertising	4,124	2,824
Freight	2,274	2,154
Other	5,741	6,163
Total Current Liabilities	27,314	31,447
Noncurrent Liabilities	'	'
Notes payable	18,900	22,400
Deferred compensation	8,820	8,569
Pension and postretirement benefits	16,582	16,362
Other	1,943	1,843
Total Noncurrent Liabilities	46,245	49,174
Total Liabilities	73,559	80,621
Stockholders’ Equity	'	'
Additional paid-in capital	32,439	31,317
Restricted unearned stock compensation	-2,595	-1,824
Retained earnings	134,382	132,750
Accumulated other comprehensive income:	'	'
Unrealized gain on marketable securities	78	86
Pension and postretirement benefits	-5,551	-5,608
Cumulative translation adjustment	420	487
Total accumulated other comprehensive income	-5,053	-5,035
Less Treasury Stock, at cost (2,915,567 Common and 324,741 Class B shares at October 31, 2013 and 2,914,567 Common and 324,741 Class B shares at July 31, 2013)	-55,332	-55,296
Total Stockholders’ Equity	104,870	102,938
Total Liabilities & Stockholders’ Equity	178,429	183,559
Common Stock	'	'
Stockholders’ Equity	'	'
Common Stock, par value $.10 per share	789	787
Common Class B	'	'
Stockholders’ Equity	'	'
Common Stock, par value $.10 per share	$240	$239

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheet Parenthetical (USD $)	Oct. 31, 2013	Jul. 31, 2013
In Thousands, except Share data, unless otherwise specified
Current Assets	'	'
Allowance for doubtful accounts	$656	$641
Other Assets	'	'
Accumulated amortization Trademarks and patents	433	427
Accumulated amortization Debt issuance costs	472	455
Accumulated amortization Licensing and non-compete agreements	$1,924	$1,861
Common Stock	'	'
Stockholder's Equity	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, shares issued	7,894,460	7,866,560
Treasury stock, common shares	2,915,567	2,914,567
Common Class B	'	'
Stockholder's Equity	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, shares issued	2,399,668	2,394,487
Treasury stock, common shares	324,741	324,741

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income and Retained Earnings (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
Net Sales	$63,546	$61,417
Cost of Sales	-47,046	-44,186
Gross Profit	16,500	17,231
Selling, General and Administrative Expenses	-12,158	-10,820
Capacity Rationalization Charges	0	-12
Income from Operations	4,342	6,399
Other Income (Expense)	'	'
Interest expense	-424	-481
Interest income	10	9
Other, net	-35	130
Total Other Income (Expense), Net	-449	-342
Income Before Income Taxes	3,893	6,057
Income taxes	-1,006	-1,605
Net Income	2,887	4,452
Retained Earnings	'	'
Balance at beginning of period	132,750	122,901
Cash dividends declared and treasury stock issuances	-1,255	-1,157
Balance at end of period	$134,382	$126,196
Net Income Per Share	'	'
Diluted (in dollars per share)	$0.41	$0.64
Average Shares Outstanding	'	'
Diluted (in shares)	6,973	6,879
Common Stock	'	'
Net Income Per Share	'	'
Basic Common (in dollars per share)	$0.44	$0.69
Average Shares Outstanding	'	'
Basic Common (in shares)	4,955	4,879
Common Class B	'	'
Net Income Per Share	'	'
Basic Common (in dollars per share)	$0.33	$0.52
Average Shares Outstanding	'	'
Basic Common (in shares)	1,992	1,943

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
Net Income	$2,887	$4,452
Other Comprehensive Income (net of tax):	'	'
Unrealized (loss) gain on marketable securities	-8	3
Pension and postretirement benefits	57	150
Cumulative translation adjustment	-67	16
Other Comprehensive Income	-18	169
Total Comprehensive Income	$2,869	$4,621

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net Income	$2,887	$4,452
Adjustments to reconcile net income to net cash (used in) provided by operating activities:	'	'
Depreciation and amortization	2,231	2,255
Amortization of investment net discount	-1	-2
Non-cash stock compensation expense	241	203
Excess tax benefits for share-based payments	-13	-11
Deferred income taxes	37	92
Provision for bad debts	20	34
(Gain) Loss on the sale of fixed assets	-13	10
Capacity rationalization charges	0	12
(Increase) Decrease in:	'	'
Accounts receivable	-604	-1,187
Inventories	-1,621	-1,325
Prepaid expenses	-496	547
Other assets	-4	42
Increase (Decrease) in:	'	'
Accounts payable	367	17
Accrued expenses	-4,313	-1,530
Deferred compensation	251	209
Pension and postretirement benefits	277	674
Other liabilities	102	-68
Total Adjustments	-3,539	-28
Net Cash (Used in) Provided by Operating Activities	-652	4,424
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Capital expenditures	-3,382	-2,157
Proceeds from sale of property, plant and equipment	14	4
Advance payment for acquisition	-800	0
Purchases of short-term investments	-5,272	-3,480
Dispositions of short-term investments	8,545	4,705
Net Cash Used in Investing Activities	-895	-928
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Principal payments on notes payable	-3,500	-2,300
Dividends paid	-1,236	-1,155
Purchase of treasury stock	0	-9
Proceeds from issuance of treasury stock	39	0
Proceeds from issuance of common stock	12	62
Excess tax benefits for share-based payments	13	11
Net Cash Used in Financing Activities	-4,672	-3,391
Effect of exchange rate changes on cash and cash equivalents	-40	-21
Net (Decrease) Increase in Cash and Cash Equivalents	-6,259	84
Cash and Cash Equivalents, Beginning of Period	24,035	27,093
Cash and Cash Equivalents, End of Period	$17,776	$27,177

Basis_of_Statement_Presentatio

Basis of Statement Presentation	3 Months Ended
	Oct. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Statement Presentation	'
	BASIS OF STATEMENT PRESENTATION
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in compliance with instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The financial statements and the related notes are condensed and should be read in conjunction with the consolidated financial statements and related notes for the year ended July 31, 2013 included in our Annual Report on Form 10-K filed with the SEC.
	The unaudited condensed consolidated financial statements include the accounts of Oil-Dri Corporation of America and its subsidiaries. All significant intercompany transactions are eliminated. Except as otherwise indicated herein or as the context otherwise requires, references to “Oil-Dri,” the “Company,” “we,” “us” or “our” refer to Oil-Dri Corporation of America and its subsidiaries.
	The unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are, in the opinion of management, necessary for a fair presentation of the statements contained herein. Operating results for the three months ended October 31, 2013 are not necessarily an indication of the results that may be expected for the fiscal year ending July 31, 2014.
	The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions related to the reporting of assets, liabilities, revenues, expenses and related disclosures. Estimates and assumptions are revised periodically. Actual results could differ from these estimates.
	Under the terms of our sales agreements with customers, we recognize revenue when risk of loss and title are transferred. An invoice is generated upon shipment that sets the fixed and determinable price. Trade promotion reserves are provided for sales incentives made directly to consumers, such as coupons, and made to customers, such as slotting, discounts based on sales volume, cooperative marketing programs and other arrangements. Such trade promotion costs are netted against sales. Sales returns and allowances are not material.
	Selling, general and administrative expenses include salaries, wages and benefits associated with staff outside the manufacturing and distribution functions, all advertising and marketing-related costs, any miscellaneous trade spending expenses not required to be included in net sales, research and development costs, depreciation and amortization related to assets outside the manufacturing and distribution process and all other non-manufacturing and non-distribution expenses.
	We evaluate our allowance for doubtful accounts utilizing a combination of historical experience and periodic review of our accounts receivable aging and specific customer account analysis. A customer account is determined to be uncollectible when we have completed our internal collection procedures, including termination of shipments, direct customer contact and formal demand of payment.
	As part of our overall operations, we mine sorbent materials on property that we either own or lease. A significant part of our overall mining cost is incurred during the process of removing the overburden (non-usable material) from the mine site, thus exposing the sorbent material used in a majority of our production processes. These stripping costs are treated as a variable inventory production cost and are included in cost of sales in the period they are incurred. The pre-production overburden removal costs associated with opening a new mine are deferred as prepaid expense and amortized.
	Additionally, it is our policy to capitalize the purchase cost of land and mineral rights, including associated legal fees, survey fees and real estate fees. The costs of obtaining mineral patents, including legal fees and drilling expenses, are also capitalized. Pre-production development costs on new mines and any prepaid royalties that may be offset against future royalties due upon extraction of the minerals are also capitalized. All exploration related costs are expensed as incurred.
	We perform ongoing reclamation activities during the normal course of our overburden removal. As overburden is removed from a mine site, it is hauled to previously mined sites and is used to refill older sites. This process allows us to continuously reclaim older mine sites and dispose of overburden simultaneously, thereby minimizing the costs associated with the reclamation process.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Oct. 31, 2013
NEW ACCOUNTING PRONOUNCEMENTS [Abstract]	'
New Accounting Pronouncements	'
	NEW ACCOUNTING PRONOUNCEMENTS
	Recently Adopted Accounting Standards
	In this Quarterly Report on Form 10-Q for the first quarter of fiscal 2014 we adopted new guidance from the Financial Accounting Standard Board (“FASB”) issued under Accounting Standard Codification (“ASC”) 220, Comprehensive Income-Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The guidance required presentation by the respective net income line items, either on the face of the statement where net income is presented or in the notes, of information about significant amounts required to be reclassified out of accumulated other comprehensive income (“AOCI”). We elected to present the reclassifications in the notes to the financial statements. See Note 8 for additional information regarding amounts reclassified from AOCI.
	We considered the FASB guidance issued under ASC 350, Testing Indefinite-Lived Intangible Assets for Impairment, which provides the option to first assess qualitative factors to determine if the annual two-step test for impairment must be performed. Based on the relevant events and circumstances that could have affected the significant inputs used to determine the fair value of our indefinite-lived intangible assets, we determined that it is more likely than not that these assets are not impaired and we did not perform a quantitative impairment assessment. There was no impact on our condensed consolidated financial statements as a result of this new guidance.

Inventories

Inventories	3 Months Ended
	Oct. 31, 2013
Inventory Disclosure [Abstract]	'
Inventory Disclosure	'
	INVENTORIES
	The composition of inventories is as follows (in thousands):
		October 31,		July 31,
		2013		2013
	Finished goods	$	12,876	$	12,112
	Packaging	4,581		4,003
	Other	4,887		4,608
	Total Inventories	$	22,344	$	20,723
	Inventories are valued at the lower of cost (first-in, first-out) or market. Inventory costs include the cost of raw materials, packaging supplies, labor and other overhead costs. We perform a quarterly review of our inventory items to determine if an obsolescence reserve adjustment is necessary. The review surveys all of our operating facilities and sales groups to ensure that both historical issues and new market trends are considered. The allowance not only considers specific items, but also takes into consideration the overall value of the inventory as of the balance sheet date. The inventory obsolescence reserve values at October 31, 2013 and July 31, 2013 were $397,000 and $364,000, respectively.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Oct. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	FAIR VALUE MEASUREMENTS
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The inputs used to measure fair value are prioritized into categories based on the lowest level of input that is significant to the fair value measurement. The categories in the hierarchy are as follows:
	Level 1:	Financial assets and liabilities whose values are based on quoted market prices in active markets for identical assets or liabilities.
	Level 2:	Financial assets and liabilities whose values are based on:
		1)  Quoted prices for similar assets or liabilities in active markets.
		2)  Quoted prices for identical or similar assets or liabilities in markets that are not active.
		3)  Valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability.
	Level 3:	Financial assets and liabilities whose values are based on valuation techniques that require inputs that are unobservable. These inputs may reflect estimates of the assumptions that market participants would use in valuing the financial assets and liabilities.
	The following table summarizes our financial assets and liabilities that were measured at fair value by level within the fair value hierarchy:
		Fair Value at October 31, 2013
		(in thousands)
		Total		Level 1		Level 2
	Assets
	Cash equivalents	$	7,971	$	7,971	$	—
	Marketable equity securities	81		81		—
	Cash surrender value of life insurance	4,468		—		4,468
	Cash equivalents are classified as Level 1 of the fair value hierarchy because they were valued using quoted market prices in active markets. These cash instruments are primarily money market mutual funds and are included in cash and cash equivalents on the condensed Consolidated Balance Sheets.
	Marketable equity securities were valued using quoted market prices in active markets and as such are classified as Level 1 in the fair value hierarchy. These securities represent stock we own in one publicly traded company and are included in other assets on the condensed Consolidated Balance Sheets.
	Cash surrender value of life insurance is classified as Level 2. The value was determined by the underwriting insurance company’s valuation models, which take into account the passage of time, mortality tables, interest rates, cash values for paid-up additions and dividend accumulations. The cash surrender value represents the guaranteed value we would receive upon surrender of these policies held on former key employees as of October 31, 2013. The cash surrender value of life insurance is included in other assets on the condensed Consolidated Balance Sheets.
	The short-term investments on the condensed Consolidated Balance Sheets includes U.S. Treasury securities and certificates of deposit. We have the ability to hold our short-term investments to maturity and intend to do so; therefore, these investments were reported at amortized cost on the condensed Consolidated Balance Sheets, which approximated fair value as of October 31, 2013. These balances are excluded from the above table.
	Accounts receivable and accounts payable balances on the condensed Consolidated Balance Sheets approximated their fair values at October 31, 2013 due to the short maturity and nature of those balances; therefore, these balances are excluded from the above table.
	The carrying values of notes payable approximated their fair values at October 31, 2013 and are excluded from the above table. The estimated fair value of notes payable, including current maturities, was $23,638,000 as of October 31, 2013. Our debt does not trade on a daily basis in an active market, therefore the fair value estimate is based on market observable borrowing rates currently available for debt with similar terms and average maturities and is classified as Level 2.
	We apply fair value techniques on a non-recurring basis associated with: (1) valuing potential impairment loss related to goodwill and indefinite-lived intangible assets and (2) valuing potential impairment loss related to long-lived assets. Our annual goodwill impairment analysis was performed in the first quarter of fiscal 2014 and did not indicate any impairment.

Pension_and_Other_Postretireme

Pension and Other Postretirement Benefits	3 Months Ended
	Oct. 31, 2013
Pension and Other Postretirement Benefit Expense [Abstract]	'
Pension and Other Postretirement Benefits Disclosure	'
	PENSION AND OTHER POSTRETIREMENT BENEFITS
	The components of net periodic pension and postretirement health benefit costs were as follows:
		Pension Benefits
		(in thousands)
		For the Three Months Ended October 31,
		2013				2012
	Service cost	$	360			$	459
	Interest cost	436				388
	Expected return on plan assets	(429		)		(382		)
	Amortization of:
	Prior service costs	3				3
	Other actuarial loss	78				222
	Net periodic benefit cost	$	448			$	690
		Postretirement Health Benefits
		(in thousands)
		For the Three Months Ended October 31,
		2013				2012
	Service cost	$	30			$	34
	Interest cost	29				24
	Amortization of:
	Net transition obligation	4				4
	Prior service costs	(1		)		—
	Other actuarial loss	7				13
	Net periodic benefit cost	$	69			$	75
	Our plan covering postretirement health benefits is an unfunded plan. We have funded the pension plan based upon actuarially determined contributions that take into account the amount deductible for income tax purposes, the normal cost and the minimum and the maximum contribution requirements of various regulations. We contributed $207,000 to our pension plan during the three months ended October 31, 2013. We estimate contributions will be $831,000 for the remainder of fiscal 2014. See Item 3. "Quantitative and Qualitative Disclosures About Market Risk" for a discussion of the potential impact of financial market fluctuations on pension plan assets and future funding contributions.
	Assumptions used in the previous calculations were as follows:
		Pension Benefits						Postretirement Health Benefits
		For the Three Months Ended October 31,
		2013			2012			2013		2012
	Discount rate for net periodic benefit cost	4.8	%		3.75	%		4.8	%	3.75	%
	Rate of increase in compensation levels	3.5	%		3.5	%		—		—
	Long-term expected rate of return on assets	7.5	%		7.5	%		—		—
	The medical cost trend assumption for postretirement health benefits was 8.0%. The graded trend rate is expected to decrease to an ultimate rate of 5.0% in fiscal 2024.

Operating_Segment

Operating Segment	3 Months Ended
	Oct. 31, 2013
Segment Reporting [Abstract]	'
Operating Segment Disclosure	'
	OPERATING SEGMENTS
	We have two operating segments: (1) Retail and Wholesale Products and (2) Business to Business Products. These segments are managed separately because each business has different customer characteristics. Net sales and operating income for each segment are provided below. Revenues by product line are not provided because it would be impracticable to do so. The accounting policies of the segments are the same as those described in Note 1 of the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2013.
	We do not rely on any operating segment asset allocations and we do not consider them meaningful because of the shared nature of most of our production facilities; however, we have estimated the segment asset allocations below for those assets for which we can reasonably determine. The unallocated asset category is the remainder of our total assets. The asset allocation is estimated and is not a measure used by our chief operating decision maker about allocating resources to the operating segments or in assessing their performance. The corporate expenses line includes certain unallocated expenses, including primarily salaries, wages and benefits, purchased services, rent, utilities and depreciation and amortization associated with corporate functions such as research and development, information systems, finance, legal, human resources and customer service. Corporate expenses also include the estimated annual incentive plan bonus accrual.
				Assets
				October 31, 2013		July 31, 2013
				(in thousands)
	Business to Business Products			$	54,950	$	53,721
	Retail and Wholesale Products			77,727		76,376
	Unallocated Assets			45,752		53,462
	Total Assets			$	178,429	$	183,559
		For the Three Months Ended October 31,
		Net Sales				Income
		2013		2012		2013			2012
		(in thousands)
	Business to Business Products	$	23,915	$	21,782	$	7,651		$	7,523
	Retail and Wholesale Products	39,631		39,635		1,275			4,524
	Total Sales	$	63,546	$	61,417
	Corporate Expenses					(4,584		)	(5,636		)
	Capacity Rationalization Charges					—			(12		)
	Income from Operations					4,342			6,399
	Total Other Expense, Net					(449		)	(342		)
	Income before Income Taxes					3,893			6,057
	Income Taxes					(1,006		)	(1,605		)
	Net Income					$	2,887		$	4,452

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Oct. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments	'
	STOCK-BASED COMPENSATION
	We determine the fair value of stock options and restricted stock issued under our long term incentive plans as of the grant date. We recognized the related compensation expense over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service to the Company.
	The Oil-Dri Corporation of America 2006 Long Term Incentive Plan (the “2006 Plan”) permits the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other stock-based and cash-based awards. Our employees and outside directors are eligible to receive grants under the 2006 Plan. The total number of shares of stock subject to grants under the 2006 Plan may not exceed 937,500. Stock options have been granted to our outside directors with a vesting period of one year and stock options granted to employees generally vest 25% two years after the grant date and in each of the three following anniversaries of the grant date. In addition, restricted shares have been issued under the 2006 Plan as described in the restricted stock section below.
	The Oil-Dri Corporation of America Outside Director Stock Plan provides for grants of stock options to directors. Stock options have been granted to our directors with a one year vesting period. There are no shares available for future grants under this plan. All shares of stock issued under this plan were from treasury stock.
	Stock Options
	A summary of stock option transactions as of October 31, 2013 is shown below:
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
		(in thousands)				(Years)	(in thousands)
	Options outstanding, July 31, 2013	60		$	14.25	2.3	$	1,059
	Exercised	(4	)	$	12		$	90
	Forfeitures	(8	)	$	9.43
	Options outstanding, October 31, 2013	48		$	15.27	2.6	$	966
	Options exercisable, October 31, 2013	48		$	15.27	2.6	$	966
	The amount of cash received from the exercise of stock options during the first quarter of fiscal 2014 was $51,000 and the related tax benefit was $24,000. The amount of cash received from the exercise of stock options during the first quarter of fiscal 2013 was $61,000 and the related tax benefit was $13,000.
	No stock options were granted in the first three months of either fiscal 2014 or 2013.
	Restricted Stock
	All of our non-vested restricted stock as of October 31, 2013 was issued under the 2006 Plan with vesting periods between two years and five years.
	Under the 2006 Plan, 22,000 restricted shares of Common Stock and 10,000 restricted shares of Class B stock were granted in the first quarter of fiscal 2014. In the first quarter of fiscal 2013, 7,000 restricted shares of Class B stock were granted.
	Included in our stock-based compensation expense in the first quarter of fiscal years 2014 and 2013 was $241,000 and $203,000, respectively, related to non-vested restricted stock.
	A summary of restricted stock transactions under the plan is shown below:
		Restricted Shares		Weighted Average Grant Date Fair Value
		(in thousands)
	Non-vested restricted stock outstanding at July 31, 2013	117		$	22.24
	Vested	(26	)	$	21.74
	Granted	32		$	34.55
	Forfeitures	(4	)	$	21.8
	Non-vested restricted stock outstanding at October 31, 2013	119		$	25.67

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Notes)	3 Months Ended
	Oct. 31, 2013
Accumulated Other Comprehensive Income [Abstract]	'
Accumulated Other Comprehensive Income	'
	ACCUMULATED OTHER COMPREHENSIVE INCOME
	The following table summarizes the changes in accumulated other comprehensive income by component as of October 31, 2013 (in thousands):
		Unrealized Gain (Loss) on Marketable Securities			Pension and Postretirement Health Benefits				Cumulative Translation Adjustment			Total Accumulated Other Comprehensive Income
	Balance as of July 31, 2013	$	86		$	(5,608	)		$	487		$	(5,035	)
	Other comprehensive income before reclassifications, net of tax	(8		)	—				(67		)	(75		)
	Amounts reclassified from accumulated other comprehensive income, net of tax	—			57			a)	—			57
	Net current-period other comprehensive income, net of tax	(8		)	57				(67		)	(18		)
	Balance as of October 31, 2013	$	78		$	(5,551	)		$	420		$	(5,053	)
	a) Amount is net of tax expense of $34,000. Amounts are included in the components of net periodic benefit cost for the pension and postretirement health plans. See Note 5 for further information.

Subsequent_Event_Notes

Subsequent Event (Notes)	3 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	SUBSEQUENT EVENT
	On November 1, 2013, we acquired certain assets of MFM Industries, Inc. (“MFM”), including the customer list, mining and manufacturing equipment, packaging materials, inventory, intellectual property and other clay cat litter business assets. We will not operate the MFM plant and we did not acquire any land or mineral rights. MFM's customers' orders are being transferred to our cat litter manufacturing plants with available capacity and similar cat litter products. This transaction qualifies as a business combination for accounting purposes.
	Prior to October 31, 2013, an $800,000 deposit was paid to be held in trust and was subsequently applied upon the closing of the transaction toward the MFM acquisition purchase price. This deposit was included in other assets on the Condensed Consolidated Balance Sheets as of October 31, 2013. We also incurred approximately $116,000 for certain acquisition-related costs during the first quarter of fiscal 2014, which are included in selling, general and administrative expenses on the Condensed Consolidated Statements of Income and Retained Earnings.
	When the transaction closed on November 1, 2013, an additional $11,900,000 payment was made, plus a $500,000 payment was deposited in escrow to satisfy our obligation, if any, to indemnify MFM for expenses incurred to prepare and sell the land retained by MFM. We used existing cash and investment balances to fund these payments. In addition, under the purchase agreement, we are entitled to receive half of any proceeds resulting from the ultimate sale of the real property.
	Further information about this acquisition is not available as of the date of filing of this Form 10-Q because the results of the business valuation are pending and the parties are still in the process of working through certain post-closing provisions under the terms of the purchase agreement, including terms which may adjust the final purchase price. As of the date of filing of this Form 10-Q, we expect there to be a reduction in the final purchase price based upon the post-closing inventory adjustment provisions and therefore expect to receive a payment from MFM of approximately $100,000.

Basis_of_Statement_Presentatio1

Basis of Statement Presentation Level 2 (Policies)	3 Months Ended
	Oct. 31, 2013
BASIS OF STATEMENT PRESENTATION [Abstract]	'
Revenue Recognition	'
	Under the terms of our sales agreements with customers, we recognize revenue when risk of loss and title are transferred. An invoice is generated upon shipment that sets the fixed and determinable price. Trade promotion reserves are provided for sales incentives made directly to consumers, such as coupons, and made to customers, such as slotting, discounts based on sales volume, cooperative marketing programs and other arrangements. Such trade promotion costs are netted against sales. Sales returns and allowances are not material.
Selling, General and Administrative Expenses	'
	Selling, general and administrative expenses include salaries, wages and benefits associated with staff outside the manufacturing and distribution functions, all advertising and marketing-related costs, any miscellaneous trade spending expenses not required to be included in net sales, research and development costs, depreciation and amortization related to assets outside the manufacturing and distribution process and all other non-manufacturing and non-distribution expenses.
Trade Receivable	'
	We evaluate our allowance for doubtful accounts utilizing a combination of historical experience and periodic review of our accounts receivable aging and specific customer account analysis. A customer account is determined to be uncollectible when we have completed our internal collection procedures, including termination of shipments, direct customer contact and formal demand of payment.
Overburden Removal and Mining Costs	'
	As part of our overall operations, we mine sorbent materials on property that we either own or lease. A significant part of our overall mining cost is incurred during the process of removing the overburden (non-usable material) from the mine site, thus exposing the sorbent material used in a majority of our production processes. These stripping costs are treated as a variable inventory production cost and are included in cost of sales in the period they are incurred. The pre-production overburden removal costs associated with opening a new mine are deferred as prepaid expense and amortized.
	Additionally, it is our policy to capitalize the purchase cost of land and mineral rights, including associated legal fees, survey fees and real estate fees. The costs of obtaining mineral patents, including legal fees and drilling expenses, are also capitalized. Pre-production development costs on new mines and any prepaid royalties that may be offset against future royalties due upon extraction of the minerals are also capitalized. All exploration related costs are expensed as incurred.
Reclamation	'
	We perform ongoing reclamation activities during the normal course of our overburden removal. As overburden is removed from a mine site, it is hauled to previously mined sites and is used to refill older sites. This process allows us to continuously reclaim older mine sites and dispose of overburden simultaneously, thereby minimizing the costs associated with the reclamation process.

Inventories_Level_2_Policies

Inventories Level 2 (Policies)	3 Months Ended
	Oct. 31, 2013
INVENTORIES [Abstract]	'
Inventories	'
	Inventories are valued at the lower of cost (first-in, first-out) or market. Inventory costs include the cost of raw materials, packaging supplies, labor and other overhead costs. We perform a quarterly review of our inventory items to determine if an obsolescence reserve adjustment is necessary. The review surveys all of our operating facilities and sales groups to ensure that both historical issues and new market trends are considered. The allowance not only considers specific items, but also takes into consideration the overall value of the inventory as of the balance sheet date.

Operating_Segment_Level_2_Poli

Operating Segment Level 2 (Policies)	3 Months Ended
	Oct. 31, 2013
Segment Reporting [Abstract]	'
Operating Segment	'
	We have two operating segments: (1) Retail and Wholesale Products and (2) Business to Business Products. These segments are managed separately because each business has different customer characteristics. Net sales and operating income for each segment are provided below. Revenues by product line are not provided because it would be impracticable to do so. The accounting policies of the segments are the same as those described in Note 1 of the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2013.

StockBased_Compensation_Level_

Stock-Based Compensation Level 2 (Policies)	3 Months Ended
	Oct. 31, 2013
STOCK-BASED COMPENSATION [Abstract]	'
Stock-based Compensation Policy	'
	We determine the fair value of stock options and restricted stock issued under our long term incentive plans as of the grant date. We recognized the related compensation expense over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service to the Company.

Inventories_Level_3_Tables

Inventories Level 3 (Tables)	3 Months Ended
	Oct. 31, 2013
INVENTORIES [Abstract]	'
Inventories	'
	The composition of inventories is as follows (in thousands):
		October 31,		July 31,
		2013		2013
	Finished goods	$	12,876	$	12,112
	Packaging	4,581		4,003
	Other	4,887		4,608
	Total Inventories	$	22,344	$	20,723

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Oct. 31, 2013
FAIR VALUE MEASUREMENTS [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
	The following table summarizes our financial assets and liabilities that were measured at fair value by level within the fair value hierarchy:
		Fair Value at October 31, 2013
		(in thousands)
		Total		Level 1		Level 2
	Assets
	Cash equivalents	$	7,971	$	7,971	$	—
	Marketable equity securities	81		81		—
	Cash surrender value of life insurance	4,468		—		4,468

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefits (Tables)	3 Months Ended
	Oct. 31, 2013
PENSION AND OTHER POSTRETIREMENT BENEFITS [Abstract]	'
Schedule of Net Benefit Costs	'
	The components of net periodic pension and postretirement health benefit costs were as follows:
		Pension Benefits
		(in thousands)
		For the Three Months Ended October 31,
		2013				2012
	Service cost	$	360			$	459
	Interest cost	436				388
	Expected return on plan assets	(429		)		(382		)
	Amortization of:
	Prior service costs	3				3
	Other actuarial loss	78				222
	Net periodic benefit cost	$	448			$	690
		Postretirement Health Benefits
		(in thousands)
		For the Three Months Ended October 31,
		2013				2012
	Service cost	$	30			$	34
	Interest cost	29				24
	Amortization of:
	Net transition obligation	4				4
	Prior service costs	(1		)		—
	Other actuarial loss	7				13
	Net periodic benefit cost	$	69			$	75
Schedule of Assumptions Used	'
	Assumptions used in the previous calculations were as follows:
		Pension Benefits						Postretirement Health Benefits
		For the Three Months Ended October 31,
		2013			2012			2013		2012
	Discount rate for net periodic benefit cost	4.8	%		3.75	%		4.8	%	3.75	%
	Rate of increase in compensation levels	3.5	%		3.5	%		—		—
	Long-term expected rate of return on assets	7.5	%		7.5	%		—		—
	The medical cost trend assumption for postretirement health benefits was 8.0%. The graded trend rate is expected to decrease to an ultimate rate of 5.0% in fiscal 2024.

Operating_Segment_Tables

Operating Segment (Tables)	3 Months Ended
	Oct. 31, 2013
Segment Reporting [Abstract]	'
Operating Segment Information	'
				Assets
				October 31, 2013		July 31, 2013
				(in thousands)
	Business to Business Products			$	54,950	$	53,721
	Retail and Wholesale Products			77,727		76,376
	Unallocated Assets			45,752		53,462
	Total Assets			$	178,429	$	183,559
		For the Three Months Ended October 31,
		Net Sales				Income
		2013		2012		2013			2012
		(in thousands)
	Business to Business Products	$	23,915	$	21,782	$	7,651		$	7,523
	Retail and Wholesale Products	39,631		39,635		1,275			4,524
	Total Sales	$	63,546	$	61,417
	Corporate Expenses					(4,584		)	(5,636		)
	Capacity Rationalization Charges					—			(12		)
	Income from Operations					4,342			6,399
	Total Other Expense, Net					(449		)	(342		)
	Income before Income Taxes					3,893			6,057
	Income Taxes					(1,006		)	(1,605		)
	Net Income					$	2,887		$	4,452

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Oct. 31, 2013
STOCK-BASED COMPENSATION [Abstract]	'
Schedule of Stock Options Activity	'
	A summary of stock option transactions as of October 31, 2013 is shown below:
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
		(in thousands)				(Years)	(in thousands)
	Options outstanding, July 31, 2013	60		$	14.25	2.3	$	1,059
	Exercised	(4	)	$	12		$	90
	Forfeitures	(8	)	$	9.43
	Options outstanding, October 31, 2013	48		$	15.27	2.6	$	966
	Options exercisable, October 31, 2013	48		$	15.27	2.6	$	966
Schedule of Restricted Stock Transactions	'
	A summary of restricted stock transactions under the plan is shown below:
		Restricted Shares		Weighted Average Grant Date Fair Value
		(in thousands)
	Non-vested restricted stock outstanding at July 31, 2013	117		$	22.24
	Vested	(26	)	$	21.74
	Granted	32		$	34.55
	Forfeitures	(4	)	$	21.8
	Non-vested restricted stock outstanding at October 31, 2013	119		$	25.67

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Oct. 31, 2013
Accumulated Other Comprehensive Income [Abstract]	'
Accumulated Other Comprehensive Income by Component	'
	The following table summarizes the changes in accumulated other comprehensive income by component as of October 31, 2013 (in thousands):
		Unrealized Gain (Loss) on Marketable Securities			Pension and Postretirement Health Benefits				Cumulative Translation Adjustment			Total Accumulated Other Comprehensive Income
	Balance as of July 31, 2013	$	86		$	(5,608	)		$	487		$	(5,035	)
	Other comprehensive income before reclassifications, net of tax	(8		)	—				(67		)	(75		)
	Amounts reclassified from accumulated other comprehensive income, net of tax	—			57			a)	—			57
	Net current-period other comprehensive income, net of tax	(8		)	57				(67		)	(18		)
	Balance as of October 31, 2013	$	78		$	(5,551	)		$	420		$	(5,053	)
	a) Amount is net of tax expense of $34,000. Amounts are included in the components of net periodic benefit cost for the pension and postretirement health plans. See Note 5 for further information.

Inventories_Details

Inventories (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013
In Thousands, unless otherwise specified
Finished goods	$12,876	$12,112
Packaging	4,581	4,003
Other	4,887	4,608
Total Inventories	$22,344	$20,723

Inventories_Narrative_Details

Inventories Narrative (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013
Inventory obsolescence reserve	$397,000	$364,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Oct. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'
Cash equivalents	$7,971
Marketable equity securities	81
Cash surrender value of life insurance	4,468
Level 1	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'
Cash equivalents	7,971
Marketable equity securities	81
Cash surrender value of life insurance	0
Level 2	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'
Cash equivalents	0
Marketable equity securities	0
Cash surrender value of life insurance	$4,468

Fair_Value_Measurements_Narrat

Fair Value Measurements Narrative (Details) (USD $)	Oct. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'
Notes Payable, Fair Value	$23,638,000

Pension_and_Other_Postretireme2

Pension and Other Postretirement Benefits (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
Pension Plan	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'	'
Service cost	$360	$459
Interest cost	436	388
Expected return on plan assets	-429	-382
Amortization of Prior service costs	3	3
Amortization of Other actuarial loss	78	222
Net periodic benefit cost	448	690
Postretirement Health Plan	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'	'
Service cost	30	34
Interest cost	29	24
Amortization of Net transition obligation	4	4
Amortization of Prior service costs	-1	0
Amortization of Other actuarial loss	7	13
Net periodic benefit cost	$69	$75

Pension_and_Other_Postretireme3

Pension and Other Postretirement Benefits Assumptions (Details)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Pension Plan	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'	'
Discount rate for net periodic benefit cost	4.80%	3.75%
Rate of increase in compensation levels	3.50%	3.50%
Long-term expected rate of return on assets	7.50%	7.50%
Postretirement Health Plan	'	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'	'
Discount rate for net periodic benefit cost	4.80%	3.75%
Rate of increase in compensation levels	0.00%	0.00%
Long-term expected rate of return on assets	0.00%	0.00%

Pension_and_Other_Postretireme4

Pension and Other Postretirement Benefits Narrative (Details) (USD $)	3 Months Ended
	Oct. 31, 2013
Pension Plan	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'
Employer contributions to date during current fiscal year	$207,000
Estimated contributions in remainder of current fiscal year	$831,000
Postretirement Health Plan	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'
Medical Cost Trend Assumption	8.00%
Ultimate Health Care Cost Trend Rate	5.00%
Year that Rate Reaches Ultimate Trend Rate	'2024

Operating_Segment_Details

Operating Segment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013
Segment Reporting Information	'	'	'
Assets	$178,429	'	$183,559
Total Sales	63,546	61,417	'
Corporate Expenses	-4,584	-5,636	'
Capacity Rationalization Charges	0	-12	'
Income from Operations	4,342	6,399	'
Total Other Expense, Net	-449	-342	'
Income before Income Taxes	3,893	6,057	'
Income Taxes	-1,006	-1,605	'
Net Income	2,887	4,452	'
Business to Business Products	'	'	'
Segment Reporting Information	'	'	'
Assets	54,950	'	53,721
Segment Net Sales	23,915	21,782	'
Segment Income	7,651	7,523	'
Retail and Wholesale Products	'	'	'
Segment Reporting Information	'	'	'
Assets	77,727	'	76,376
Segment Net Sales	39,631	39,635	'
Segment Income	1,275	4,524	'
Unallocated Assets	'	'	'
Segment Reporting Information	'	'	'
Assets	$45,752	'	$53,462

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (Stock Options, USD $)	3 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2013	Jul. 31, 2013
Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Options Outstanding, Number (shares)	48	60
Options, Outstanding, Weighted Average Exercise Price	$15.27	$14.25
Options, Outstanding, Weighted Average Remaining Contractual Term (years)	'2 years 6 months 19 days	'2 years 3 months 19 days
Options, Outstanding, Aggregate Intrinsic Value	$966	$1,059
Exercised, Number (shares)	-4	'
Exercised, Weighted Average Exercise Price	$12	'
Exercised, Aggregate Intrinsic Value	90	'
Forfeitures, Number (shares)	-8	'
Forfeitures, Weighted Average Exercise Price	$9.43	'
Options Exercisable, Number (shares)	48	'
Exercisable, Weighted Average Exercise Price	$15.27	'
Exercisable, Weighted Average Remaining Contractual Term (years)	'2 years 6 months 19 days	'
Exercisable, Aggregate Intrinsic Value	$966	'

StockBased_Compensation_Summar

Stock-Based Compensation Summary of Restricted Stock Transactions (Details) (Restricted Stock, USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2013	Jul. 31, 2013
Restricted Stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Non-vested Restricted Stock Outstanding, Number (shares)	119	117
Vested, Number (shares)	-26	'
Vested, Weighted Average Grant Date Fair Value	$21.74	'
Granted, Number (shares)	32	'
Granted, Weighted Average Grant Date Fair Value	$34.55	'
Forfeitures, Number (shares)	-4	'
Forfeiture, Weighted Average Grant Date Fair Value	$21.80	'
Non-vested Restricted Stock Outstanding, Weighted Average Grant Date Fair Value	$25.67	$22.24

StockBased_Compensation_Narrat

Stock-Based Compensation Narrative (Details) (USD $)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Cash Received from Exercise of Stock Options	$51,000	$61,000
Tax Benefit Realized from Exercise of Stock Options	24,000	13,000
Options, Granted (shares)	0	0
Restricted Stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Restricted Stock Granted, Number (shares)	32,000	'
Directors' Plan | Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Award Vesting Period (Years)	'1 year	'
Number available for grant (shares)	0	'
2006 Plan	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Number Authorized (shares)	937,500	'
2006 Plan | Restricted Stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Award Vesting Period, Minimum (years)	'2 years	'
Award Vesting Period, Maximum (years)	'5 years	'
Share-based Compensation Expense	$241,000	$203,000
2006 Plan - Director Stock Option | Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Award Vesting Period (Years)	'1 year	'
2006 Plan - Employee Stock Options | Stock Options	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Annual Vesting Percentage	25.00%	'
Number of years after grant date vesting starts (years)	'2 years	'
Number of consecutive years vesting occurs after initial vest date (years)	'3 years	'
Common Stock | 2006 Plan | Restricted Stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Restricted Stock Granted, Number (shares)	22,000	'
Common Class B | 2006 Plan | Restricted Stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Restricted Stock Granted, Number (shares)	10,000	7,000

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
Accumulated Other Comprehensive Income	'	'
Accumulated Other Comprehensive Income, Balance, beginning	($5,035)	'
Other comprehensive income, before reclassifications, net of tax	-75	'
Amounts reclassified from accumulated other comprehensive income, net of tax	57	'
Net current-period other comprehensive income, net of tax	-18	169
Accumulated Other Comprehensive Income, Balance, ending	-5,053	'
Unrealized Gain (Loss) on Marketable Securities	'	'
Accumulated Other Comprehensive Income	'	'
Accumulated Other Comprehensive Income, Balance, beginning	86	'
Other comprehensive income, before reclassifications, net of tax	-8	'
Amounts reclassified from accumulated other comprehensive income, net of tax	0	'
Net current-period other comprehensive income, net of tax	-8	'
Accumulated Other Comprehensive Income, Balance, ending	78	'
Pension and Postretirement Health Benefits	'	'
Accumulated Other Comprehensive Income	'	'
Accumulated Other Comprehensive Income, Balance, beginning	-5,608	'
Other comprehensive income, before reclassifications, net of tax	0	'
Amounts reclassified from accumulated other comprehensive income, net of tax	-57	'
Net current-period other comprehensive income, net of tax	57	'
Accumulated Other Comprehensive Income, Balance, ending	-5,551	'
Cumulative Translation Adjustment	'	'
Accumulated Other Comprehensive Income	'	'
Accumulated Other Comprehensive Income, Balance, beginning	487	'
Other comprehensive income, before reclassifications, net of tax	-67	'
Amounts reclassified from accumulated other comprehensive income, net of tax	0	'
Net current-period other comprehensive income, net of tax	-67	'
Accumulated Other Comprehensive Income, Balance, ending	$420	'

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income Narrative (Details) (USD $)	3 Months Ended
	Oct. 31, 2013
Accumulated Other Comprehensive Income	'
Tax for reclassification adjustment from AOCI for pension and other postretirement benefits	$34,000

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended
	Oct. 31, 2013
Subsequent Event	'
Deposit For Business Acquisition	$800,000
Business Acquisition Related Costs	116,000
Cash Consideration Paid For Business Acquisition Subsequent Event	11,900,000
Cash Paid For Contingent Liability Deposit Subsequent Event	500,000
Estimated post-closing consideration adjustment	$100,000